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Either way, any Greek euro deal that fails to write off unrepayable debt or end the austerity squeeze will only postpone the crisis.
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To head off this danger, Turner says, money financing should be used sparingly, and for specific reasons: to pull an economy out of a lengthy slump, to pay for the recapitalization of too-big-to-fail banks, or to write off excessive public debts.
In the debt crisis that followed, hundreds of savings and loan associations failed and banks had to write off billions in unpaid debt.
However, relations have deteriorated since Hands failed to persuade Citigroup to write off £1bn of the EMI loan in exchange for Terra Firma pumping in another £1bn of equity.
And? Reasonable expenses, such as all the loans that Wonga has been forced to write off because it failed to properly assess whether or not its customers were able to repay them.
It's probably too soon to write off many as failed investments, as they may have developed technology of value to an acquirer or may orchestrate a successful pivot.
At that point the NBC hierarchy was disposed to write off Conan as a loony failed experiment.
The authorities are reluctant to force the banks to write off bad debts because doing so would probably force many of the banks themselves to fail.
IT'S easy to write off Al Franken's Senate bid in Minnesota as a cheap celebrity story like Alberto Fujimori's (failed) bid for the Japanese Diet.
If either fails to win for writing, you can (ahem) write off their best picture chances, as the screenplays are both films' primary selling points.
If they don't see a fair return based on the risk they are bearing (most startups fail outright and are a write off), that well oiled machine could come to a grinding halt.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com